You’re not typical, neither are we

6 reasons to choose OnDeck over any other lender

Faster Than Banks

Applying for a business loan from a bank takes 26 hours on average, and it can be days or weeks until you receive the funding. You’ve got better things to do. You can apply with OnDeck in as little as 10 minutes, and receive a decision as soon as the same day.

Tailored Loans

Unlike most online lenders, we have multiple loan types. And our amounts and repayment term can be set to your needs.

Real People

Have a question? Not a problem! You’ll get a dedicated, U.S.-based loan advisor (available 6 days a week) to help you through the entire process.

Transparent Pricing

Our SMART Box® Capital Comparison Tool gives you a comprehensive breakdown of your cost of capital—including all the key terms you need to evaluate potential loan offers.

Loyalty Benefits

For returning OnDeck customers who take out another loan, we waive all remaining interest on your current loan, unlike most online lenders. It’s no surprise that 80% of customers come back to us for future financing needs.

Business Credit Building

Unlike most online lenders, we use soft pulls of personal credit reports (which doesn’t affect your credit score).* And we report your payments to business credit bureaus so that every time you pay on time, you’re building your business’s credit.

Here’s what business owners have to say about OnDeck:

*There are some industries we cannot serve (see list of restricted industries), as well as some industries and states impacted by the Coronavirus to which we are temporarily not lending. In addition, OnDeck does not lend to businesses in Nevada, North Dakota or South Dakota. OnDeck is no longer accepting new Paycheck Protection Program (PPP) loan applications. We always do a soft inquiry unless your credit file is restricted, in which case we would contact you to lift the restriction which may result in a hard-pull.